Twenty Economists Were Sampled and Asked to Predict If the National

question 18

Multiple Choice

Twenty economists were sampled and asked to predict if the national economy would improve during the next 12 months. Eleven of the economists predicted an increase,two economists predicted no change,and seven economists predicted a decrease in the economy. Conduct a hypothesis test at the 0.10 significance level to determine if the majority of economists predict an increase. The null hypothesis is ________.

• A)H₀ : π = 0.5
• B)H₀ : π ≠ 0.5
• C)H₀ : π ≤ 0.5
• D)H₀ : π ≥ 0.5

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Definitions:

Expatriate Staffing Programs

Initiatives by organizations to staff their overseas operations with employees who are temporarily living outside their native country.

Integrated Selection-Orientation-Repatriation

A comprehensive approach in international human resources management that covers the process of selecting expatriates, preparing them for assignments (orientation), and reintegrating them into their home country's operations after their assignment is over (repatriation).

Sink-Or-Swim

A situation in which one must either succeed without help or support or fail completely.

Highly Situational Language

Refers to the use of language that is highly dependent on the specific context or situation in which it is used.